Press release
Food Crops Grown Under Covers Market Segments 2024-2033 | Size, Share, Insights, and Growth Analysis
Food Crops Grown Under Covers Market
The Business Research Company offers in-depth market insights through Food Crops Grown Under Cover Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The food crops grown under cover market size has grown rapidly in recent years. It will grow from $57.36 billion in 2023 to $64.28 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to extended growing seasons, protection from pests and diseases, climate control, water conservation, urban agriculture, crop diversification..
The food crops grown under cover market size is expected to see rapidly grown in the next few years. It will grow to $100.15 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to global population growth, climate change mitigation, vertical farming expansion, organic and sustainable farming, consumer preference for local produce, efficient resource use.. Major trends in the forecast period include advanced automation and robotics, innovations in crop protection, led lighting for crop growth, integration of iot and data analytics, diversification of covering materials, controlled environment agriculture..
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Market Segmentation:
The food crops grown under cover market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Crop Type: Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Other Crop Types
3) By Component: Hardware, Software2) By Growing System: Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid
4) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture Systems, Other Facility Types
Major Driver - Rising Demand For Organic Food To Drive Market Growth
Increasing demand for organic food is expected to propel the growth of the food crops grown under the cover market going forward. Organic foods are grown and processed without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), which can be harmful to both human health and the environment. The demand for organic food has been increasing in recent years as more and more people become aware of the benefits of consuming organic products For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15 percent of the total product market in the year 2021 in the US. Therefore, increasing demand for organic food is propelling the growth of the food crops grown under cover market.
Competitive Landscape:
Major companies operating in the food crops grown under cover market report are Argus Control Systems Ltd., LumiGrow Inc., Netafim Ltd., Richel Group, General Hydroponics, Crop One Holdings Inc., Metropolis Farms Inc., Bright Farms Inc., Bowery Farming Inc., Certhon Group, Vertical Farm Systems, Hydrodynamics International, Illumitex Inc., Garden Fresh Farms, Green Sense Farms LLC, Sky Greens Pte Ltd., AeroFarms Inc., Plenty Unlimited Inc., Gotham Greens LLC, AppHarvest Inc., Kalera Inc., Revol Greens LLC, Eden Green Technologies Pvt. Ltd., Infinite Harvest Inc., Fifth Season Gardening Company, Little Leaf Farms LLC, FreshBox Farms Inc., Local Roots Farms Inc., Bright Agrotech LLC, Urban Crop Solutions, Green Spirit Farms LLC, Modular Farms Co, PLENTY Canada Inc., Square Roots (Electric) Inc., Vertical Harvest Jackson Hole LLC, ZipGrow Inc. .
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Top Trend - Innovative Crop Production Techniques Transforming The Food Crops Grown Under Cover Market
New crop production techniques have emerged as the major trend gaining popularity in the food crops grown under cover market. Major companies operating in the food crops grown under cover market are introducing new crop production techniques such as greenhouses, vertical farming, and hydroponic farming to strengthen their position in the market. For instance, in November 2021, NASA- National Aeronautics and Space Administration, a US-based research agency launched an innovative indoor farming technique to produce and grow food crops under cover. The novel technology combines plant science and environmental control techniques to optimize plant growth inside an enclosed space. This innovative agricultural approach laid the foundation for the controlled environment agriculture (CEA) industry.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Crops Grown Under Cover Market Characteristics
3. Food Crops Grown Under Cover Market Trends And Strategies
4. Food Crops Grown Under Cover Market - Macro Economic Scenario
5. Food Crops Grown Under Cover Market Size And Growth
…..
27. Food Crops Grown Under Cover Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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